Silverleafe Capital Partners LLC Has $8.46 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Silverleafe Capital Partners LLC boosted its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,642 shares of the company’s stock after acquiring an additional 26 shares during the period. AutoZone makes up approximately 2.7% of Silverleafe Capital Partners LLC’s holdings, making the stock its 13th largest holding. Silverleafe Capital Partners LLC’s holdings in AutoZone were worth $8,460,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after purchasing an additional 993,139 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of AutoZone by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after buying an additional 7,365 shares during the period. Marshfield Associates grew its position in AutoZone by 0.5% in the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after acquiring an additional 796 shares during the period. Legal & General Group Plc raised its stake in AutoZone by 2.3% during the second quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock worth $446,684,000 after acquiring an additional 3,382 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of AutoZone during the second quarter valued at $424,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

NYSE:AZO traded up $49.42 during mid-day trading on Monday, hitting $3,318.20. The company had a trading volume of 63,520 shares, compared to its average volume of 93,300. AutoZone, Inc. has a fifty-two week low of $2,510.00 and a fifty-two week high of $3,416.71. The firm has a market cap of $55.69 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.73 and a beta of 0.71. The business’s fifty day moving average is $3,187.85 and its two-hundred day moving average is $3,114.26.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $32.55 earnings per share. Equities analysts forecast that AutoZone, Inc. will post 154.29 earnings per share for the current year.

Insider Transactions at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the sale, the chairman now directly owns 13,857 shares in the company, valued at $43,055,777.55. This represents a 48.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AZO shares. Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a report on Thursday, September 19th. Evercore ISI raised their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. UBS Group boosted their target price on AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Redburn Atlantic raised AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, DA Davidson reissued a “neutral” rating and issued a $3,025.00 price objective on shares of AutoZone in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average price target of $3,400.32.

AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.